PEMEX and Global Water Development Partners have agreed to establish a joint venture to invest in water and wastewater treatment infrastructure for upstream and downstream facilities in Mexico. The estimated investment is $800 million.

The partnership is expected to provide access to the most advanced technology available to meet the supply and treatment requirements of wastewater at PEMEX’s offshore production areas.

It should facilitate conditioning of crude oil stream volumes from the company’s shallow-water fields, leading to increased oil handling and distribution capacity for national and international marketing.

In the contract signing event, Jose Manuel Carrera, corporate director of Alliances and New Businesses, declared that this partnership will allow PEMEX to focus on its core business of exploration and production, while meeting its requirements in the aforementioned environmental aspects.